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It depends what you mean. Unlike forex the individual futures products trade on one exchange so all the brokers use that information for the current price, bid, offer an order book. As compared to forex where different brokers acting as market makers are setting prices taking the other side of your order. Some brokers bundle their orderflow data though so their data isn't any good for orderflow tools that separate the bid and offer for analysis in real time. IB, interactive brokers, is one
I keep seeing these advertisements for unfiltered data.....
Isn't the whole point of filtering the data to ensure that a rogue/erroneous data point won't ruin your day? If you have a stop in place and a bad piece of data comes in, that exceeds …
Not sure what you mean about whether limit orders are guaranteed. A limit order is an order to be filled at your stated price or better, unlike a market order which is an order to be filled at the best available price when it reaches the exchange. If you have a limit order to buy and not enough orders are aggressively sold down to, or through your requested price level to reach your order in the queue then you will not be filled. You are sacrificing certainty of fill (market order), for the desire to filled at a specified price but with the risk you may not actually get filled (limit order).
Stop loss orders aren't guaranteed either. As I understand it a stop loss market order sat at the exchange for example is an order to release a market order to sell or buy when the first contract trades at that price. In very thin or fast moving markets though price can gap through a price without trading there which means the order doesn't get released because the trigger to release the order didn't occur. (An alternative stop loss order with a volume trigger is local to your machine and will trigger not on the first order order transacted at a price but when the order book at that price gets down to say the last 200 bids or offers for example. Useful for thick instruments where you don't want to get out on the first trade at a price but wait until the order book has dropped to a level where it looks like price will definitely go through. A stop loss limit order releases a limit rather than a market order and has more chance of not get filled in a fast moving market).
The queue it at the exchange. Orders to buy or sell are placed in a queue in the order that they arrive. If the orderbook has one hundred contracts in front of your order they will go through first before your order. In reality orders in front of your order will get cancelled by traders so you will move forward in the queue a little depending how much time your order sits there and as price moves towards it. (an exception if I recall the Treasuries markets might be slightly different in that I vaguely remember reading that they also prioritised partially filling large orders . I think I read that in some CME document a long time ago).
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
I am in profit and somewhat pleased with my results
I have been using MT5 with an offshore broker
I have just setup a free trial with InfinityAT using Sierra Charts (again)
I so wish I could trade using Sierra Charts focusing on the YM contract as a CFD
The reason I stopped posting so much is beacuse in this webspace with BigMike I just feel like its all about results
So I had to go back to the drawing board so that I may bring something to the table........
And keep in mind; A chart is worth a thousand pips.........LOL